Discontinued — last reported Q2 '18
Deferred Tax Assets
Southern Company Deferred Tax Assets increased by 7.4% to $10.77B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $9.92B to $10.77B. Over 2 years (FY 2020 to FY 2022), Deferred Tax Assets shows an upward trend with a 10.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests potential future tax savings, while a decrease may indicate the utilization of these assets or valuation allowances.
Detailed definition
These are assets on the balance sheet that represent future tax savings resulting from temporary differences between acc...
Peer comparison
Standard accounting item for large corporations with complex tax structures and international operations.
deferred_tax_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $8.71B | $8.92B | $8.71B | $9.51B | $9.62B | $9.92B | $10.04B | $10.77B |
| QoQ Change | — | +2.4% | -2.3% | +9.2% | +1.2% | +3.1% | +1.2% | +7.4% |
| YoY Change | — | — | — | — | +10.4% | +11.2% | +15.3% | +8.7% |
Deferred Tax Assets at Other Companies
Frequently Asked Questions
- What is Southern Company's deferred tax assets?
- Southern Company (SO) reported deferred tax assets of $10.77B in Q3 2023.
- How has Southern Company's deferred tax assets changed year-over-year?
- Southern Company's deferred tax assets increased by 8.7% year-over-year, from $9.92B to $10.77B.
- What is the long-term trend for Southern Company's deferred tax assets?
- Over 2 years (2020 to 2022), Southern Company's deferred tax assets has grown at a 10.8% compound annual growth rate (CAGR), from $8.18B to $10.04B.
- What does deferred tax assets mean?
- Future tax benefits that the company expects to realize.